podesta-emails
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** News as of January 15th, 2016
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Weekly roundup about our democracy and The Common Good community
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* Global markets continue falling… U.S. suffers worst year opening in 109 years
* Bernie Sanders gains momentum in Iowa and overtakes Hillary Clinton in New Hampshire
* The GOP is essentially down to final four: Trump, Cruz, Rubio, and Christie
* Confrontation between Saudi Arabia and Iran stalls peace efforts
* Obama gives final State of the Union
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The Economy
U.S. stocks plummeted again Friday, capping another volatile week of trading amid continued concerns that a slump in the global economy could spread to American shores. "All of the major indexes were down more than 3%, including the Dow Jones and Standard & Poor. The tech-heavy Nasdaq fell the most, nearly 4%. That wipes out all of their gains from Thursday’s rebound and leaves U.S. markets in the red for the week.” Renae Merle and Jonnelle Marte, Washington Post[More] (https://www.washingtonpost.com/business/economy/us-stocks-drop-significantly-at-open-of-trading-friday/2016/01/15/e1dd2040-bad4-11e5-829c-26ffb874a18d_story.html?hpid=hp_hp-top-table-main_markets-955am%3Ahomepage%2Fstory)
World’s richest lose $194 Billion in first trading week of 2016. Brendan Coffey and Jack Witzig, Bloomberg[More] (http://www.bloomberg.com/news/articles/2016-01-08/world-s-richest-lose-194-billion-in-first-trading-week-of-2016)
The cure for the world’s malaise: government investment: “The obstacles the global economy faces are not rooted in economics, but in politics and ideology. The private sector created the inequality and environmental degradation with which we must now reckon. Markets won’t be able to solve these and other critical problems that they have created, or restore prosperity, on their own. Active government policies are needed.” Joseph Stiglitz, Op-Ed, Project Syndicate [More] (https://www.project-syndicate.org/commentary/great-malaise-global-economic-stagnation-by-joseph-e--stiglitz-2016-01?utm_source=Project+Syndicate+Newsletter&utm_campaign=02bb7aa2c9-Roubini_2016_The_Europe_Question_in_2016_1_10_2016&utm_medium=email&utm_term=0_73bad5b7d8-02bb7aa2c9-104290585)
Why China's economy is slowing down: “First, the global economy is slowing, and so their export markets aren't as robust as they've previously been. But secondly, China is becoming less competitive as a global economy in part because they are trying to transition from a manufacturing and export economy into an economy that's focusing on innovation and higher-end products. And as they do that, as their cost of production goes up, they are competing with high-end economies like the United States, Japan, Germany, Korea.” NPR [More] (http://www.npr.org/2016/01/07/462293335/foreign-investors-fear-global-consequences-of-chinese-economic-uncertainty)
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Polls
Neck-and-neck 2016 primary races: Trump and Ted Cruz are neck and neck in Iowa, while Hillary Clinton and Bernie Sanders are also locked in a tight race." Mark Murray, NBC News[More] (http://nbcnews.to/1PlYejf)
Bernie Sanders is gaining momentum: Iowa: Hillary Clinton holds a 48%-to-45% lead over Sanders.
New Hampshire: Sanders edges Clinton, 50% to 46%. Patrick O'Connor (http://s.sbnation.com/click/5900610.20128/aHR0cDovL3d3dy53c2ouY29tL2FydGljbGVzL2hpbGxhcnktY2xpbnRvbi1iZXJuaWUtc2FuZGVycy1ldmVuLWluLWVhcmx5LXJhY2VzLXBvbGwtZmluZHMtMTQ1MjQzNDU4MQ/5630e4eebcb59ce53d6bd954B1d1b4f23) , Wall Street Journal
[More] (http://www.wsj.com/articles/hillary-clinton-bernie-sanders-even-in-early-races-poll-finds-1452434581)
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2016 Campaign
The GOP’s Final Four - Cruz, Trump, Rubio & Christie: “Rubio amped up his anger in talking about ISIS, President Obama’s executive order on guns, and Hillary’s Clinton’s qualifications for higher office. Christie’s prosecutorial approach played well with the South Carolina crowd, particularly his jibes at Obama as a dictator and petulant child. Cruz is a natural performer who opened the debate by channeling deep anger among conservatives over Obama’s defense of Iran after the seizure of American military personnel. Trump was, well, Trump.” Josh Kraushaar, National Journalhttp://www.nationaljournal.com/s/306447/south-carolina-debate-crowns-gop-final-four[More] (http://www.nationaljournal.com/s/306447/south-carolina-debate-crowns-gop-final-four)
The mutually beneficial campaign detente between Trump and Cruz came to an end on Thursday’s debate: “They went so far as to question each other’s fitness to govern.” Karen Tumulty and Philip Rucker [More] (https://www.washingtonpost.com/politics/the-detente-between-trump-and-cruz-is-definitely-over/2016/01/15/fbffb18e-bb0d-11e5-b682-4bb4dd403c7d_story.html?wpmm=1&wpisrc=nl_pmpol)
“The Republican Party is facing a historic split over its fundamental principles and identity, as its once powerful establishment grapples with an eruption of class tensions, ethnic resentments and mistrust among working-class conservatives who are demanding a presidential nominee who represents their interests… Republicans are expressing a growing fear that the coming election could be shattering for the party.” Patrick Healy and Jonathan Martin, New York Times [More] (http://www.nytimes.com/2016/01/10/us/politics/for-republicans-mounting-fears-of-lasting-split.html?emc=edit_th_20160110&nl=todaysheadlines&nlid=30283247)
Bruni: Obnoxiousness is the new charisma: At least so it would seem for Republican front runners Cruz and Trump. Frank Bruni, Op-Ed, New York Times [More] (http://www.nytimes.com/2016/01/10/opinion/sunday/obnoxiousness-is-the-new-charisma.html?emc=edit_th_20160110&nl=todaysheadlines&nlid=30283247Frank)
Will: Rubio's record of misjudgment: “His strengths include intelligence, articulateness and, usually, cheerfulness. His misjudgments involve, in ascending order of importance, the Senate immigration bill of 2013, sugar, Libya and S. 590. Together these reveal a recurring penchant for ill-considered undertakings.” George Will, Op-Ed, New Hampshire Union Leaderhttp://www.unionleader.com/George-Will-Rubios-record-of-misjudgment[More] (http://www.unionleader.com/George-Will-Rubios-record-of-misjudgment)
Should Clinton be favored to beat Trump? Not necessarily. Donald Trump is above all a salesman... Trump would adapt, pivot, and do anything to make his next deal; winning the general election...Trump would enter the general election running a breath away from Hillary Clinton, a candidate with a hard base, a low ceiling, and same worn, thin Washington-elite agenda most voters have outgrown." Alex Castellanos, Op-Ed, Politico[More] ( http://bit.ly/1JC3P8k)
As the race tightens, Clinton paints Sanders as out of step on gun control: The new point of contention that aims to put Sanders on defense: his 1993 vote on the “Charleston Loophole.” “It’s expected to become a new tack in Clinton’s argument... intended to erode Sanders’ popularity with Democratic primary voters.” Gabriel Debendetti, Politico [More] (http://www.politico.com/story/2016/01/hillary-clinton-bernie-sanders-guns-217797)
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Foreign Affairs/National Security
Political backlash after Iran's Islamic Revolutionary Guard Corps detain 10 US sailors: “The incident spilled over into the U.S. presidential campaign, where Republicans are critical of the nuclear deal Iran forged with six world powers and due to take effect soon. At a campaign rally, Republican presidential front-runner Donald Trump described the detention of the sailors as "an indication of where the hell we're going.” Bozorgmehr Sharafedin and Phil Stewart, Reuters [More] (http://www.reuters.com/article/us-usa-iran-boat-comment-idUSKCN0UR0K120160114)
Turkish army shells ISIL in response to Istanbul blast: “Turkish ground forces have heavily shelled ISIL positions in response to a suicide attack blamed on the group that killed at least 12 people in Istanbul.” AL Jazeerahttp://www.aljazeera.com/news/2016/01/turkish-army-shells-isil-response-istanbul-blast-160114133329415.html[More] (http://www.aljazeera.com/news/2016/01/turkish-army-shells-isil-response-istanbul-blast-160114133329415.html)
The talks to negotiate peace in Syria are "dead" as a result of the new Saudi-Iran confrontation. David Hearst (http://r20.rs6.net/tn.jsp?f=001vOWwgWUayw5UeHEu5kBqt5BPcbgqyNHUnjI6_JE8B0EZcL2Co5WEKTAK7f-ohlKvYDzGiwyxq7GH92rVitEs2HwextCAEMwYuhSYxHz1zW1hZg5WZ7OCTbC0HAWBBGOs4qyECQ8RrpJpg7V6RTRThnfQ8i0UwBKRdi7ZUpwci6YsAN5_94FJ_Z381pJvcgeWXndfJOSf08OmWNKPzfL7YDGyMtjz6f0XGLFNUXVAupiW8s7vm103C_mTpd3xTA4n6CGQ-3XCMI0eUCv0BshPud90CT6zDp21&c=AX84SwwWmcvL2xFXM4t8Q1zx77Jztsdb1w1uQ2Fa8IHWZ0Gp1ViXAQ==&ch=CQmvWIyATJYYRqxnQcKeFpZW3v99OhCDeeIaJmmPzHnMVmbXgglTSg==) , Huffington Post [More] (http://www.huffingtonpost.com/david-hearst/saudis-take-off-velvet-gl_b_8915574.html?utm_hp_ref=world)
The fight between Iran and Saudi Arabia "will play out not in Saudi Arabia or Iran, but in Syria, Iraq, Lebanon and Yemen" with little chance of any diplomatic breakthrough. Ian Bremmer and Cliff Kupchan (http://r20.rs6.net/tn.jsp?f=001vOWwgWUayw5UeHEu5kBqt5BPcbgqyNHUnjI6_JE8B0EZcL2Co5WEKTAK7f-ohlKvDphWoyoAHg-HDlUM9LqOalrDi-Y291uY6EGs1E7Yu5P0Nle5DB3P1y-WZkIIxnVd0cB3J2vFLR-zSq5HNxCelM1BJLLL0cLlb3Ci8N1hTHioyezHGwvzsRBKk2VrT27oc_773qF4y9Vx7yudbeyjdAWJg1nIcJVW8JeqtehtYEdfXaQMY5Ykv9mst0Uy1rAumxYU-65NGq55k8xSkD8WsBGS3L3IDURq&c=AX84SwwWmcvL2xFXM4t8Q1zx77Jztsdb1w1uQ2Fa8IHWZ0Gp1ViXAQ==&ch=CQmvWIyATJYYRqxnQcKeFpZW3v99OhCDeeIaJmmPzHnMVmbXgglTSg==) , Huffington Posthttp://www.huffingtonpost.com/ian-bremmer/saudi-iran-escalation-bloodshed_b_8924394.html?utm_hp_ref=world[More] (http://www.huffingtonpost.com/ian-bremmer/saudi-iran-escalation-bloodshed_b_8924394.html?utm_hp_ref=world)
ISIS profiting from looted antiquities: 15 countries on the U.N. Security Council have promised to help block the trade in antiquities and oil, after the U.S. State Department’s failed efforts. Steven Lee Myers and Nicholas Kulish, New York Times [More] (http://www.nytimes.com/2016/01/10/world/europe/iraq-syria-antiquities-islamic-state.html?emc=edit_th_20160110&nl=todaysheadlines&nlid=30283247)
Egypt’s President turns to religion to bolster authority: “The public blessings of the religious establishment may give President Abdel Fattah el-Sisi a certain legitimacy in the eyes of many Egyptians. But there are also signs that his approach may irk younger Egyptians.... ‘Already there is no democracy, and now they are telling us where to pray.’” Declan Walsh, New York Times [More (http://www.nytimes.com/2016/01/10/world/middleeast/egypt-abdel-fattah-el-sisi-islam.html?emc=edit_th_20160110&nl=todaysheadlines&nlid=30283247) ]
Why Russia and China won't curb North Korea: "Russia's and China's stances on North Korea are not so much different from how the United States treats Saudi Arabia -- a brutal regime sponsoring the ideology of violent jihadism, but one with which Washington needs to maintain friendship for realpolitik reasons." Artyom Lukin, Huffington Post [More] (http://www.huffingtonpost.com/artyom-lukin/russia-china-north-korea-saudi-us_b_8931672.html)
Japan and South Korea reached a historic agreement on WWII "comfort women" Former U.S. House Intelligence Committee chair Jane Harman writes, "the two countries made a strong statement that diplomacy can be a positive-sum game." Jane Harman, Huffington Posthttp://www.huffingtonpost.com/rep-jane-harman/comfort-women-deal-japan-korea_b_8916886.html?utm_hp_ref=world[More] (http://www.huffingtonpost.com/rep-jane-harman/comfort-women-deal-japan-korea_b_8916886.html?utm_hp_ref=world)
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Domestic Affairs
Obama closes final State of the Union with a long discussion of polarization: The fascinating, unresolved question about polarization… is whether the bitter atmosphere is an artifact of politics alone, or whether the country itself is more deeply split. Benjamin Wallace-Wells, The New Yorker [More] (http://www.newyorker.com/news/benjamin-wallace-wells/a-state-of-the-union-for-the-age-of-polarization)
Flint wants safe water and someone to answer for its crisis: “Flint’s water was found to have elevated levels of lead that were reflected in children’s blood, but state reaction has been slow.” Mitch Smith, New York Times [More] (http://www.nytimes.com/2016/01/10/us/flint-wants-safe-water-and-someone-to-answer-for-its-crisis.html?emc=edit_th_20160110&nl=todaysheadlines&nlid=30283247)
How to fix the country’s ailing schools: Success in Union CIty compared to false starts in Newark. David L. Kirp, Op-Ed, New York Times [More] (http://www.nytimes.com/2016/01/10/opinion/sunday/how-to-fix-the-countrys-failing-schools-and-how-not-to.html?emc=edit_th_20160110&nl=todaysheadlines&nlid=30283247)
Battle over unions signals Supreme Court role at center of political debate: “On the docket are abortion, affirmative action, the rights of religious objectors to opt out of legal obligations, and a clutch of election-law disputes that could benefit one political party over another. The court will probably soon add a review of President Obama’s [immigration] executive actions.” Robert Barnes, Washington Post [More] (https://www.washingtonpost.com/politics/courts_law/battle-over-unions-signals-supreme-court-role-at-center-of-political-debate/2016/01/09/200e9bd0-b627-11e5-9388-466021d971de_story.html?wpmm=1&wpisrc=nl_headlines)
"El Chapo Speaks: A secret visit with the most wanted man in the world." Sean Penn, Rolling Stone [More] (http://www.rollingstone.com/culture/features/el-chapo-speaks-20160109)
Oklahoma earthquakes leads to calls for the governor “to make changes to oil and gas drilling regulations and reduce seismic activity scientists link to the energy industry. Two large earthquakes were recorded in northwest Oklahoma on Wednesday, including a magnitude 4.8 quake.” Heidi Brandes, Reuters [More] (http://www.reuters.com/article/us-oklahoma-quake-idUSKCN0UO0UJ20160110)
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UPCOMING EVENTS
The Rt. Honorable David Miliband - The Great Refugee Crisis
Wednesday, January 27, 2016; Reception & remarks: 6:15-7:45pm; Dinner & conversation: 8:00-9:30pm
https://www.runmyclub.com/TCGUSA/eventcalendar.asp?id=208936
The Rt. Honorable Lord Christopher Patten, Chancellor of Oxford University
Tuesday, February 2, 2016, Reception & remarks: 6:15-7:45pm; Dinner & conversation: 8:00-9:30pm
https://www.runmyclub.com/TCGUSA/eventcalendar.asp?id=208981
The Common Good Forum on “Security and Opportunity in Turbulent Times”
Friday, May 20, 2016, 8am-4pm, Sessions all day on national and economic security
http://thecommongood.net/2015/12/the-2016-common-good-forum/
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